Skip to main content

Legal Update

SEC Issues Clarification on Investor Notification Requirement for Fitch's Downgrade of Ambac Assurance Corp.

8 February 2008
Mayer Brown Legal Update
8 February 2008 - On February 6, 2008, the Securities and Exchange Commission (SEC) issued a clarification of an informal statement it sent to the National Association of Bond Lawyers (NABL) on January 18, 2008. This prior informal statement said issuers did not need to file material event notices notifying investors of Fitch Ratings' downgrade of Ambac Assurance Corp. to double-A from triple-A.
The Build a Report feature requires the use of cookies to function properly. Cookies are small text files that are placed on your computer by websites that you visit. They are widely used in order to make websites work, or work more efficiently. If you do not accept cookies, this function will not work. For more information please see our Privacy Policy

You have no pages selected. Please select pages to email then resubmit.